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to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the sena
hours trading. that tells me that the economy is doing better. what is your take? >> i think the economy is more mixed. it seems to me, google hot today and obviously a great tech story and also an advertising tostory. friday, general electric. kind of told us that world economic expectations might be better. is the world better? >> i think it is possible that the eearnings are going to be better. if you look at the bottom of estimates, they were $114 for the s&p -- i'm sorry $120 they are coming down. we suspect they are going to continue to come down. we suspect the corporate earnings are going to come down. i want to add economic stuff to this. today, existing home sales 12.8% above a year ago. existing home sale prices plus 11%. that is progress it was falling at 4%. last week, manufacturing up, capitol goods up. are he ewe estimating the econo? >> clients are asking me about upside risk. nobody is asking about upside risk. i think the question is, is it in the price already. >> all related to the housing ready. for, the fed is easy. we all know the fed is easy because it has a feder
with the u.s. energy revolution, aring if to help us this year on the economy. let's bring in our ace investors, david goldman, former head of income grout at bank of america and michael farr, author of "restoring our american dream, the best investment. abigail doolittle, the investors killed it after hours. >> i think what's going on is an important inflexion point. we had another earnings miss, another guide down. this once superstar amongst the text stock has been falling for a few months. i think traders answered vestors were waiting for this report to see what the future with look like. unfortunately it's not as bright as some might have hoped for and that's now showing up in the stock. >> is there an offset here? google did very well today and revenue was very good. apple versus google consideration apple stop this rally? i don't think so but i want to get your take on this. what does it mean apple is doing badly? is it an apple thing, an economy thing or consumer thing or what? >> i think that's a great question. i think right now i tend to agree with you. i think investors wi
economy. obviously, the u.s. economy is still a global leader. we wanted to remain that way. the political debated home has been very much about jobs and the economy. and we're here listening to some of the leaders from the eu and the other sort of entities that are here trying to understand how they're dealing with their problems. and i think coming out of all of this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> we have a natural gas boom and we have an oil boom and we have, thanks to low interest rates, what appears to be some sort of a housing boom. so much more can happen and, in fact, it seems like the only body, the only institution that might stand in the way of 2013 being a great year is congress. >> well, listen, there is certainly not the outcome that anybody wants. and i'm hoping that after we've been through the election and last november. we've been through a fiscal cliff debate. we are working our way through a debt ceiling debate. i think in a responsible manner. with an e
believes that we have to both walk and chew gum at the same time. we have to deal with our own economy and our fiscal situation. that is a given, because that is the source of our strength and our capacity. but we also have to be smart about making the right investments in diplomacy and development to try to solve problems and prevent them. >> i'm joined tonight with senator chris murphy of connecticut, who is a member of the senate foreign relations committee. senator, good to have you with us tonight. moving forward, security obviously is an issue. so getting funding and help from republicans shouldn't be hard after this hearing. that's what i see today. your thoughts on it. >> well, listen, the republicans have had chance after chance to do the right thing here. the irony is just as thick as the walls of the united states congress, when you think that they stripped $300 million out of the secretary's security requests before benghazi. but it gets even worse, ed. after benghazi, the president and the secretary of state said listen, we've got to do better. so they put before congress
part it's a broad-based rally, which is the best kind. as i've said, a lot of this reflects an economy that looks better than you might think. and then on the political front, president obama's recess appointment to the nlrb declared unconstitutional. and louisiana governor bobby jindal calls republicans the stupid party. how about that? and then there is an unconfirmed scandal. i say unconfirmed. did senator bob menendez sleep with underaged dominican prostitutes? this is "the kudlow report" and we begin right now. >> all right. first up, our most optimistic story tonight, stock continue their bull run, the s&p 500 and dow closing in on their all-time highs from october 2007. brian shactman joins us now with all the details. good evening, brian and good work today. >> you touched on the s&p details having its best streak in terms of winning streaks days in a row in eight years but how about the dow. we're now 105 points shy of 14,000. eight components hit new highs today. beyond the five on your screen, utx, pfizer and p & g also doing it. now, speaking of history, historically life i
the economy has got to be at the very, very top. second of all in my view, when scientists tell us that if we don't get a handle on global warming, the planet may warm by eight degrees by the end of the century with devastating consequences, of course we have to move away from fossil fuel in a dramatic way. transform our energy system. by the way, we can create jobs doing that. right now our republican friends, when you talk about want to do entilement reform, it's not entitlement reform. let's be clear. it's massive cuts in social security, medicare, veterans programs, medicaid. >> you know their argument is that you can't just raise taxes. you have to, at some point, you have to get your fiscal house in order and that means cuts to some of these entitlement programs. >> no it does not. when you talk about getting your fiscal house in order, that's correct, but our republican friends forget to mention that at 15.8%, revenue compared to gdp, that is the lowest percentage in 60 years. when clinton gave us a balanced budget, revenue was about 20%. we have one out of four corporations, profitabl
? >> it is good for the economy. absolutely it is good for the economy. you know, this is a relationship between mood and spending. when people feel good they tend to spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> this are are the obvious things that fly off of the shelves here in san francisco like t-shirts and anything that helps folks identify with the 49erss. an estimate that fans nationally will spend $11 billion. including 51 million cases of beer and 5 million new television sets. >> in general, san francisco should be a little more active, lively, optimistic mace. all of those things are good for consumer spending. >> reporter: then, the stuff fans to well watching the game. consuming 125 million pounds of chicken wings. what is the psychology behind that? >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is affected by this. >> reporter: and intangible pay offs like the image of america
the country faces which is getting our economy going. >> sean: i like what our colleague charles krauthammer said it's an ode to big government and you pointed out in the list, gun control, gay marriage, global warming, he not only wants to lock in every liberal agenda item, but advance it further. will he be successful? second term are notoriously not successful. >> let's add global climate warming on her, climate change. we've already passed this through the congress. it's done. is congress going to pass it? is congress going to tell the states, no, you can't put that past voter i.d. laws? only in it's bipartisan doesn't require amnesty and citizenship. gun control passed, no. i think the president was basically declaring his administration is no longer substantive achievement. it's make the democratic party and making the republicans look more extreme. taking their strength to pass positive items that pile up over in the senate never to be really considered, but give them an agenda, a view that says to the american people he's over there worried about gun control. we're worried about gett
, republicans seem intent on keeping the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ros
that's bullish for the economy. >> if you look at some of the trucking names. normally take out the airlines. the airlines have done quite well if they reduced capacity although if you look at some of the reports i think it was u.s. air, but i believe they said that some of their seats were down a bit even though they cut capacity. that was a little bit of a warning sign. even on trucking side it was okay. but now as a trader and investing in the market you have to hook six months ahead. what will happen coming down. we know everything is done well. we know they are up 7%. what's the next move. that's where you get concern. >> we look at the leading indicators. pmi from china, europe, u.s. today the leading indicators in that sentiment indicator is telling us we're not done. we could bleed higher in terms of economic sentiment and economic activity and the new orders component the global pmi looks like it will print above 50 in january for the first time in eight months. >> i'm sure there's a stock market correction. >> when? >> the stock market among other things including what
far out ahead of slashing the budget during a weak economy. the other thing, of course, is financial reform. did and he the president put in place some things along with congress that boo prevent another financial disaster? >> we'll be looking forward to your interview with paul ryan, his first interview since the election. >> first interview since the election. we'll have a lot to talk about in terms of the future of the party. >> thank you very much. >> and now to discuss the future of the republican party, haley barbour, former chair of the republican governors association joins us now from capitol hill. thank you very much. good to see you. let's talk about bobby jindahl's instructions to the republicans at the winter meeting. we can't be the stupid party. do you think that your fellow republicans have figured out a way forward where they won't be the quoting bobby jindahl "the stupid party?" >> i think he is talking about during the campaign we had a couple of candidates for senator who made stupid remarks that not only hurt them in their own races, but spilled over and hurt oth
. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let the republicans let us slip back with failing to provide that kind of certainty and not only the american markets but the global markets. >> congresswoman schwartz, thanks so much for coming on the program after a long weekend. appreciate it. >>> carrie, what's the republican strategy here? what happened with this extension? >> well, it's hard to view this as anything but a retreat of sorts. i mean, a few weeks ago, certainly in december, there was a lot of talk about using the debt limit in february to extract more from the president and the fact that they're pushing it back shows that they were not as confident in that position as they would like. they were pretty isolated in terms of the position. the business community was telling them not to do it. high profile conservatives were saying the same. this now sets them up
'll tell what you, if the economy keeps getting better over the next three years, you've got hillary linton rclin running three years from now, we republicans have such a major headwind in our face for the next three years. it's going to be tough. >> yeah, there's no question. but there's so many variables. >> go ahead. >> no, so many variables that could happen in the next 3 1/2 years. >> yeah. ed sees you making a motion, he stops. >> i was trying to get richard haass in on this. >> she wants some more 'roids. >> andrea, i'm sorry, we cut you off. >> no, there are other points about the politics of it. joe biden is going to be at the white house, in closed meetings with the president today and has had a very high-profile role. clearly, this is the interview that he would have wanted to see. and when you talk to a lot of leading democrats who were in town this weekend, they were saying that joe biden has everything going for him except that hillary clinton is a woman and is a celebrity and has the best popularity. and she has the virtue, after eight years then of barack obama and the obama
about the economy, 8.3 fewer americans are working today than there were four years ago, what is your reaction to that? >> well, just shows you how out of touch eghe is. normally when the president is reelected, remember, no landslide. you work together, find common ground and work ford. this person's goal is to break the republican party. he's out of touch where america is at and it's more of a speech after progressive party agenda not something for all of america to get behind. >> sean: how ironic, too, the president lecturing the americans on tone and did you remember of talking about mitt romney and a steel worker's wife? >> and when you work on a president's speech in the inaugural, you usually have a take away line. what is the take away line. normally when the election is over, it's time to govern, he moved the campaign committee going when he can't run for further office. this is what this individual does. he can't govern, but that's what he continues to do is just politics. >> sean: all right, you're a leader of the republican party in the house, one area of government where
for that economy that we've been working for, to vote for immigration reform, to vote for common sense gun reforms. you know, i think that we can affect elections but we legally can't be involved in them. >> some critics have raised red flags as the group's designation over a 501 c-4. with me is michael isikoff. the designation of a 501 c-4, what is the benefit to do that? >> this is the new route that advocacy groups use, can accept unlimited corporate donations and not disclose where they come from and use them for all sorts of political ads. now, they've followed -- the obama people have now followed the karl rove model and they're openly pitching corporate donations. the opening pitch was sponsored by a group called business forward. a lot of big companies, dow chemical, duke energy -- >> a lot of tech companies. >> comcast are part owner, nbc was part of it. they say they're going to disclose and that is a step ahead of where karl rove is but what kind of disclosure is the question. when i pressed katie hogan, the spokeswoman for the group, she said that's all being worked out. will we get re
from our economy, particularly for hispanics and african-americans. >> dana, the stock market is at a five-time high -- a five-year high. unemployment is at a five-year low. he says on the one hand he wants to reach out. you can see the shares in the dow jones right now. what is this man talking about? please, translate it because i'm not intelligent enough to understand it. >> there is apparently a bit of a mixed message occurring at the rnc winter meeting. >> in the very brain of the chairman. >> i think bobby jindal had a point where he said we need to stop being the party of austerity. we need to stop saying how good we can be at shrinking and cutting government. that is not a winning message. he's absolutely right about that. and then you have the party here in washington doing exactly what he said not to do, and you have paul ryan coming forward and saying, yes, i'm going to -- we lost the election so i'm actually going to double down on this. i'm going to cut 40% of the federal government out over the next ten years because that's exactly what the people want to hear an
doom and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. -- p.m. share your thoughts with us on #edshow. we're coming right back. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together wh
soon. because that could put us back in a recession. it would pull too much demand out of the economy. for the long-term when people say correctly, we have a serious, long-term fiscal problem, the cause of the problem is that if we don't do anything the debt will rise faster than the economy grows. and ultimately we'll have to pay so much in interest payments, we're in big trouble. but what we need to do to prevent that is to keep the debt stable. to keep it from rising faster than the economy grows. and to do that you need deficits below about 3 or maybe 2 and a half percent of the gross domestic product each year. you don't need the deficits at zero. you don't need the balance. and in fact, the difference between a small deficit to 2, 2 and a half percent of gdp, if the difference was if you shorted funding for education and highways and roads and bridges and basic scientific research, you would probably have a smaller economy in the long run, not a bigger one. because you would have starved the very kind of investments you need to fuel long-term productivity increases and growth in
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. and don't get heartburn in the first place! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit to learn your risk. >>> she grew emotional, got angry, but in two congressional hearings this week, the secretary of state hillary clinton stood her ground about the attack in libya which took the lives of four americans, including the u.s. ambassador,
. what they did to the economy put it into the tank and it was a big stimulus package that had to pull us out of the tank. we're still doing that right now. i wish the doj would go after these folks and give some answer. i think that frontline documentary is outstanding. mike papantonio, good to have you with us tonight. thank you so much. that is "the ed show." i'm ed schultz. "the rachel maddow show" starts right now. >> thank you for joining us. happy friday. the detroit lions used to play in this building, the pontiac silverdome in once prosperous pontiac, michigan. after the lions left the silverdome and the pontiac factory moved and the town of pontiac went broke, they're tried to sell the stadium to the highest bidder. >> the field has seen monster truck rallies, soccer games. if it can happen on a field, kit happen here. >> out here at the silverdome, we have anything ranging from your dirt shows, snocross shows, home and garden shows, trade shows, converts all the way down to anything you would like to do on top of a field -- football, soccer, indoor football, arena football, you
economy in the world, and you guys are in the thick of it, right? with some areas that were very depressed that are now roaring. >> well, we are really encouraged by the turnaround in california. what we reported this morning is that in the fourth quarter or california house sales increased 80% in the quarter. that's been the slowest market to turn around. but as you know, a very big economic engine in this country. and so for us california means not just our own housing start, activity in our housing operation, but also that's the major market for our west coast saw mills and ultimately for the timberlands on the west coast. >> this morning i was on the "today" show and savannah guthrie, she's fabulous, she asked me, jim, all these companies are making a lot of money but are they doing any hiring? i said not that much. what i should have said is you guys in your transcript today make it very clear you are actually hiring people right now. >> well, we are. and most of the hiring in our company today is in our wood products manufacturing business. so we are putting people back to work, addi
% of the entire budget of government at a time that the world is getting smaller, that our economy depends on its relationship with every other country in the world, that we face a more global market than any time in our history, so not just in my briefings a s at the state department, but in my conversations with business leaders, in my trips to crisis areas, to war zones, to refugee camps, and in some of the poorest countries on earth, i have been reminded of the importance of the work our state department does to protect and advance america's interests and do the job of diplomacy in a dangerous world and particularly, i think, there is more that can be done to advance our economic capacity and interests. in this debate and in every endeavor, i pledge to work very closely with this committee, mr. chairman, mr. ranking member, not just because it would be my responsibility but because i will not be able to do this job effectively, nor will our country get what it needs to out of these initiatives without your involvement and your ideas going forward. so thank you, mr. chairman and members of the
state of the economy. it looks like now things are almost reversed in a way. tell us about your conversation with cameron. >> when i interviewed prime minister cameron here in new york and he was sort of in the lion's den because he had thrown down the gauntlet with this speech about britain's position in the european union. britain is not fully in in terms of it is not part of the eurozone. it doesn't have the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half in/half out role for the u.k. that is very concerning to the u.s. because he has raised the stakes by saying he would put it to the british people in the referendum. if they vote to get out of the e.u. th
economy. incredibly hosni mubarak was ousted from power. however, at this point many egyptians not happy. the people behind us are not celebrating, they're protesting. >> i understand you spoke to a number of protesters. what is the issue here? what is the problem with the new leadership? why are they out on the streets? why are they upset? >> reporter: the opposition, the protesters have many issues. maybe that's one of their obstacles. not finding one issue to unite over. they're concerned because they say they've been pushed out of the political process. they're concerned about their rights. here's what that protester had to tell us. >> everybody is protesting. what did we get since two years? nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign. look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he said people voted on it. >> how many voted? 15 million or 52 million? 10 million said yes and can this be possible? >> reporter: do you trust the president? >> no. >> re
" live from the dubliner coming up. >>> the state of our economy calls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. zwroo well, today is election day in jordan, and there are a couple of noteworthy things about the voting there today. yes, jordan is a kingdom, but people do get to pick some of the parliament. for the first time ever international observers were allowed to be watched over the vote looking for signs of glitches and intimidation. so far they report everything running smoothly. jordan remains pretty stable in a region turned upside down by the arab spring. this is a major point, too. jordan is friendly to israel. it's not without its problems though. that does bring us to israel. election time there as well. voters across israel choosing to keep prime minister benjamin netanyahu on the job. only his coalition kept enough seats to just stay in power. lost seats though, many of them to religious parties to the far right and to a new party with a surprising popularity. here's cnn's atika shubert. >> reporter: who is j.r.lapite. after tuesday's election, he is also the newes
the importance of characteristics that will help build the american economy and strengthen american families. third, we create an effective employment verification system that will prevent identity theft and end the hiring of future unauthorized workers. and lastly, we establish an improved process for admitting future workers to serve our nation's workforce needs, while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there is more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act, but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill
conditions could lead the president to repeat himself in 2009. economy remains sluggish healthcare remains too costly, et cetera. one historian interviewed the president from rolling stones magazines says mr. obama needs to revise faith in the american dream. >> i would image if i were writing a speech for him i would inject a dose of ronald reagan optimism don't despair in america. >> follow me at twitter at james rosen and i will tell you which president was the first to have his inaugural address live nationwide. >> i always follow your twitter but i will especially tonight. >> you are always so good to me. >> the political landscape at the part of the term was different than it was when he came to the white house four years ago. republicans control the house. you need look no further than the recent game of political chicken over the fiscal cliff to know just how divided washington is. and more instance show downs are looming. one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. republicans take with the attitude toward congre
Search Results 0 to 49 of about 229 (some duplicates have been removed)